Answer:
The amount that will be withheld during the year for Coach Samson’s is $7,960.80 for Social Security and $9,430.80 Medicare.
Explanation:
In order to calculate how much will be withheld during the year for Coach Samson’s Social Security and Medicare, we would have to make the following calculations:
Accoring to the given data we have that the FICA base amount is $128,400
Therefore, Ammount to be withheld for Social Security= $128,400× 6.2%
Ammount to be withheld for Social Security=$7,960.80
Ammount to be withheld for Medicare= $650,400× 1.45%
Ammount to be withheld for Medicare= $9,430.80
The amount that will be withheld during the year for Coach Samson’s is $7,960.80 for Social Security and $9,430.80 Medicare.
Answer:
Commission on Master card = 657*1.6%
Commission on Master card = $10.51
Commission on Visa = 923*1.9%
Commission on Visa = $17.54
Bank = $657 + $923 - $10.51 - $17.54
Bank = $1,551.95
Date Journal entry Debit Credit
Cash A/C $450
Account Receivables $600
Bank A/C $1,551.95
($646.49+$905.46)
Commission A/C $28.05
($10.51+$17.54)
To Sales A/C $2,630
($450+$600+$657+$923)
Answer:
A. $150
Explanation:
Amount of car = $25,000
Initial payment = $2,500
If the family takes out a loan for the rest, the amount taken as loan
= $25,000-$2,500
= $22,500
If interest of 8% is charged on the loan for 5years, the interest charged for the 5years can be gotten using simple interest formula:
Simple interest = principal × rate × time/100
Simple interest = $22,500×8×5/100
Simple interest = $9,000
If total interest paid for 5years = $9,000
The family monthly payment will be:
= $9000/5×12 (since there are 12months in a year)
= $9,000/60
= $150
Complete Question:
Cesar was being recruited by a competitor due to his success at his current company in getting several new patents. This is an example of ________ capital.
Group of answer choices
A) social
B) customer
C) human
D) intellectual
E) financial
Answer:
D) intellectual
Explanation:
In this scenario, Cesar was being recruited by a competitor due to his success at his current company in getting several new patents. Therefore, this is an example of intellectual capital because he was recruited based on his intangible assets which made him excel or succeed.
An intellectual capital can be defined as the value or intangible assets such as skills, copyright, trademarks, experience, patents, knowledge provided by the employees working in an organization and thus, giving the organization a competitive advantage over their rivals in the same industry, as well as earn more profits, increase their customer base and creation of quality products.
In this case the perfect tender rule
b. does not apply.
Explanation:
The perfect tender rule has certain exceptions where it cannot be applied to the tender parties and the probates of the tender.
If there is a government ruling against the use of certain products that are necessary for the tender to be completed and the outlaw happens after the tender is signed but before it is completed as a consignment then it cannot be done.
This would come under the ambit of an emergency where the governed ruling makes such deals null and void.
